LONG-TERM LOANS AND OTHER BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2017

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


	Notes	2016	2017
Two-step loans	17a	1,067	892
Bonds and notes	17b	9,322	8,982
Bank loans	17c	11,929	13,894
Other borrowings	17d	697	1,196
Obligations under finance leases	10c.xii	3,352	3,010
Total		26,367	27,974

Schedule of principal payments


			Year
	Notes	Total	2019	2020	2021	2022	Thereafter
Two-step loans	17a	892	187	187	171	135	212
Bonds and notes	17b	8,982	—	1,995	—	2,196	4,791
Bank loans	17c	13,894	4,138	3,350	2,222	1,743	2,441
Other borrowings	17d	1,196	199	199	199	199	400
Obligations under finance leases	10c.xii	3,010	744	699	668	548	351
Total		27,974	5,268	6,430	3,260	4,821	8,195

Two-step loans

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


		2016		2017
		Outstanding		Outstanding
		Original currency	Rupiah	Original currency	Rupiah
Lenders	Currency	(in millions)	equivalent	(in millions)	equivalent
Overseas banks	Yen	6,143	707	5,375	648
	US$	22	295	17	237
	Rp	—	290	—	213
Total			1,292		1,098
Current maturities (Note 16b)			(225)		(206)
Long-term portion			1,067		892

Schedule of long-term loans and other borrowings, other significant information


		Principal payment	Interest payment	Interest rate per
Lenders	Currency	schedule	period	annum
Overseas banks	Yen	Semi-annually	Semi-annually	2.95	%
	US$	Semi-annually	Semi-annually	3.85	%
	Rp	Semi-annually	Semi-annually	8.25	%

Bonds and notes

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


		2016		2017
		Outstanding		Outstanding
		Original currency	Rupiah	Original currency	Rupiah
Bonds and notes	Currency	(in millions)	equivalent	(in millions)	equivalent
Bonds
2010
Series B	Rp	—	1,995	—	1,995
2015
Series A	Rp	—	2,200	—	2,200
Series B	Rp	—	2,100	—	2,100
Series C	Rp	—	1,200	—	1,200
Series D	Rp	—	1,500	—	1,500
Medium Term Notes (“MTN”)
GSD
Series A	Rp	—	220	—	—
Series B	Rp	—	120	—	—
Promissory note
PT ZTE Indonesia (“ZTE”)	US$	0	1	—	—
Total			9,336		8,995
Unamortized debt issuance cost			(13)		(13)
Total			9,323		8,982
Current maturities (Note 16b)			(1)		—
Long-term portion			9,322		8,982

2010 - Series B Bonds

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Interest payment

Interest rate per

Bonds

Principal

Issuer

Listed on

Issuance date

Maturity date

period

annum

Series B

1,995

The Company

IDX

June 25, 2010

July 6, 2020

Quarterly

10.20

2015 Bonds

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Interest payment

Interest rate

Bonds

Principal

Issuer

Listed on

Issuance date

Maturity date

period

per annum

Series A

2,200

The Company

IDX

June 23, 2015

June 23, 2022

Quarterly

9.93

Series B

2,100

The Company

IDX

June 23, 2015

June 23, 2025

Quarterly

10.25

Series C

1,200

The Company

IDX

June 23, 2015

June 23, 2030

Quarterly

10.60

Series D

1,500

The Company

IDX

June 23, 2015

June 23, 2045

Quarterly

11.00

Total

7,000

MTN - GSD

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Interest payment

Interest rate

Notes

Currency

Principal

Issuance date

Maturity date

period

per annum

Series A

220

November 14, 2014

November 14, 2019

Semi-annually

11.00

Series B

120

March 6, 2015

March 6, 2020

Semi-annually

11.00

Total

340

Promissory notes - ZTE and PT Huawei

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Principal*

Principal payment

Interest payment

Interest rate

Supplier

Currency

(in billions)

Issuance date

schedule

period

per annum

PT Huaweia

US$

0.2

April 30, 2013

—

Semi-annually

6 months LIBOR+1.50%

ZTEb, c

US$

0.1

August 20, 2009

February 4, 2017

Semi-annually

6 months LIBOR+1.50%

*In original currency

aHas been fully paid on July 30, 2016

bHas been fully paid on February 4, 2017

cBased on the latest amendment on August 15, 2011

Bank loans

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


		2016		2017
		Outstanding		Outstanding
		Original		Original
		currency	Rupiah	currency	Rupiah
Lenders	Currency	(in millions)	equivalent	(in millions)	equivalent
Related parties
BNI	Rp	—	3,222	—	4,603
BRI	Rp	—	1,871	—	2,166
Bank Mandiri	Rp	—	1,232	—	1,126
Sub-total			6,325		7,895
Third parties
Syndication of banks	Rp	—	3,650	—	2,250
The Bank of Tokyo-Mitsubishi-UFJ, Ltd.	Rp	—	2,361	—	1,944
Bank CIMB Niaga	Rp	—	1,162	—	1,726
PT Bank Central Asia Tbk (“BCA”)	Rp	—	—	—	1,100
Sumitomo	Rp	—	647	—	804
United Overseas Bank Limited(“UOB Singapore”)	US$	36	484	49	664
UOB	Rp	—	500	—	500
ANZ	Rp	—	240	—	440
PT Bank ICBC Indonesia ("ICBC")	Rp	—	—	—	249
PT Bank DBS Indonesia	Rp	—	—	—	144
Japan Bank for International Cooperation (“JBIC”)	US$	16	211	9	128
Exim Bank of Malaysia Berhad	MYR	—	—	37	124
Others	Rp	—	37	—	26
	MYR	—	—	15	50
Sub-total			9,292		10,149
Total			15,617		18,044
Unamortized debt issuance cost			(51)		(40)
			15,566		18,004
Current maturities (Note 16b)			(3,637)		(4,110)
Long-term portion			11,929		13,894

Schedule of long-term loans and other borrowings, other significant information

Current

Total

period

Principal

Interest

facility*

payment

Interest rate

Borrower

Currency

(in billions)

schedule

period

per annum

Security

BNI

March 13, 2013h

Sigma

2,100

116

Monthly (2016-2022)

Monthly

1 month JIBOR+3.00%

Trade receivables (Note 6) and property and equipment (Note 10)

November 20, 2013j

The Company

1,500

375

Semi-annually (2015-2018)

Quarterly

3 months JIBOR+2.00%

None

January 10, 2014h

Sigma

247

Monthly (2016-2022)

Monthly

1 month JIBOR+3.00%

Trade receivables (Note 6) and property and equipment (Note 10)

November 3, 2014c

Telkom Infratel

1,050

186

Quarterly (2015-2019)

Monthly

1 month JIBOR+3.35%

Trade receivables (Note 6)

June 10, 2015

Metra

Semi-annually (2015-2018)

Monthly

1 month JIBOR+2.95%

Trade receivables (Note 6) and property and equipment (Note 10)

October 12, 2015l

Telkom Akses

1,400

350

Semi-annually (2016-2020)

Quarterly

3 months JIBOR+2.50%

Trade receivables (Note 6), inventories (Note 7), and property and equipment (Note 10)

March 24, 2017e,g

Dayamitra

1,005

Semi-annually (2019-2024)

Quarterly

3 months JIBOR+1.85%

None

March 24, 2017e

GSD

150

Quarterly (2019-2024)

Quarterly

3 months JIBOR+1.85%

None

March 24, 2017e

The Company

650

Semi-annually (2019-2024)

Quarterly

3 months JIBOR+1.85%

None

November 13, 2017

Telkom Akses

400

Semi-annually (2018-2022)

Quarterly

3 months JIBOR+2.50%

Trade receivables (Note 6), inventories (Note 7), and property and equipment (Note 10)

BRI

October 30, 2013

GSD

Monthly (2014-2021)

Monthly

10.00%

Trade receivables (Note 6), property and equipment (Note 10) and lease agreement

October 30, 2013

GSD

Monthly (2014-2021)

Monthly

10.00%

Trade receivables (Note 6), property and equipment (Note 10) and lease agreement

November 20, 2013

The Company

1,500

375

Semi-annually (2015-2018)

Quarterly

3 months JIBOR+2.65%

None

December 18, 2015

Dayamitra

800

Semi-annually (2017-2020)

Quarterly

3 months JIBOR+2.70%

Property and equipment (Note 10)

March 24, 2017e

The Company

500

Semi-annually (2019-2024)

Quarterly

3 months JIBOR+1.85%

None

March 24, 2017e

Dayamitra

500

Semi-annually (2019-2024)

Quarterly

3 months JIBOR+1.85%

None

Current

Total

period

Principal

Interest

facility*

payment

rate per

Borrower

Currency

(in billions)

schedule

period

annum

Security

Bank Mandiri

November 20, 2013

The Company

1,500

375

Semi-annually (2015-2018)

Quarterly

3 months JIBOR+2.65%

None

September 27, 2016

Patrakom

Quarterly (2017-2019)

Monthly

9.50

Trade receivables (Note 6) and property and equipment (Note 10)

March 24, 2017e

Dayamitra

500

Semi-annually (2019-2024)

Quarterly

3 months JIBOR+1.85%

None

March 24, 2017e

TII

195

Semi-annually (2019-2024)

Quarterly

3 months JIBOR+1.85%

None

Syndication of banks

March 13, 2015 (BNI and BCA)d,k

The Company

2,900

483

Semi-annually (2016-2022)

Quarterly

3 months JIBOR+2.00%

All assets

March 13, 2015 (BNI and BCA)d,k

GSD

100

Semi-annually (2016-2022)

Quarterly

3 months JIBOR+2.00%

All assets

The Bank of Tokyo - Mitsubishi UFJ, Ltd.

October 9, 2014

Dayamitra

600

160

Quarterly (2016-2019)

Quarterly

3 months JIBOR+2.40%

Trade receivables (Note 6) and property and equipment (Note 10)

March 13, 2015d

Metra

400

Quarterly (2016-2020)

Quarterly

3 months JIBOR+1.50%

None

March 13, 2015d

Infomedia

250

Quarterly (2016-2020)

Quarterly

3 months JIBOR+1.50%

None

March 13, 2015d

Dayamitra

100

Quarterly (2016-2020)

Quarterly

3 months JIBOR+2.15%

None

November 2, 2015

Dayamitra

400

Quarterly (2017-2020)

Quarterly

3 months JIBOR+2.60%

Trade receivables (Note 6) and property and equipment (Note 10)

October 3, 2016

Dayamitra

500

Semi-annually (2019-2024)

Quarterly

3 months JIBOR+2.25%

Property and equipment (Note 10) and lease agreement

March 30, 2017f

Dayamitra

97.5

Quarterly (2018-2024)

Quarterly

3 months JIBOR+1.50%

None

March 30, 2017f

GSD

202.5

Quarterly (2018-2022)

Quarterly

3 months JIBOR+1.50%

None

March 30, 2017f

Metra

100

Quarterly (2018-2022)

Quarterly

3 months JIBOR+1.50%

None

Current

Total

period

Principal

Interest

facility*

payment

Borrower

Currency

(in billions)

schedule

period

Interest rate per annum

Security

Bank CIMB Niaga

March 31, 2011

GSD

Monthly (2011-2020)

Monthly

9.75

Property and equipment (Note 10) and lease agreement

March 31, 2011

GSD

Monthly (2011-2019)

Monthly

9.75

Property and equipment (Note 10) and lease agreement

September 9, 2011

GSD

Monthly (2011-2021)

Monthly

9.75

Property and equipment (Note 10) and lease agreement

September 20, 2012i

TLT

1,200

Monthly (2015-2030)

Quarterly

3 months JIBOR+3.45%

Property and equipment (Note 10)

September 20, 2012

TLT

118

Monthly (2015-2030)

Monthly

9.00

Property and equipment (Note 10)

September 20, 2012i

TLT

100

Monthly (2017-2030)

Monthly

3 months JIBOR+3.45%

Property and equipment (Note 10)

March 30, 2017f

GSD

200

Quarterly (2018-2024)

Quarterly

3 months JIBOR+1.50%

None

March 30, 2017f

Metra

295

Quarterly (2018-2022)

Quarterly

3 months JIBOR+1.50%

None

BCA

March 30, 2017f

Metra

170

Semi-annually (2018-2022)

Quarterly

3 months JIBOR+1.50%

None

May 5, 2017a

Telkomsel

3,000

Monthly (2017-2019)

Quarterly

3 months JIBOR+1.00%

None

Sumitomo

March 13, 2015d

Metra

400

Quarterly (2016-2020)

Quarterly

3 months JIBOR+2.15%

None

March 13, 2015d

Infomedia

250

Quarterly (2016-2020)

Quarterly

3 months JIBOR+2.15%

None

March 13, 2015d

Dayamitra

100

Quarterly (2016-2020)

Quarterly

3 months JIBOR+2.15%

None

March 30, 2017f

Dayamitra

97.5

Quarterly (2018-2022)

Quarterly

3 months JIBOR+1.50%

None

March 30, 2017f

GSD

202.5

Quarterly (2018-2022)

Quarterly

3 months JIBOR+1.50%

None

March 30, 2017f

Metra

100

Quarterly (2018-2022)

Quarterly

3 months JIBOR+1.50%

None

UOB Singapore

September 9, 2016

TII

US$

0.06

Semi-annually (2019-2022)

Quarterly

3 months LIBOR+1.50%

None

UOB

September 22, 2016

Dayamitra

500

Semi-annually (2018-2024)

Quarterly

3 months JIBOR+2.20%

Property and equipment (Note 10)

Current

Total

period

Principal

Interest

facility*

payment

Interest rate

Borrower

Currency

(in billions)

schedule

period

per annum

Security

ANZ

March 13, 2015d

GSD

500

—

June 13, 2020

Quarterly

3 months JIBOR+2.00%

None

March 13, 2017d

PINS

500

—

May 31, 2022

Quarterly

3 months JIBOR+2.00%

None

ICBC

April 5, 2017

GSD

272

Quarterly (2019-2024)

Quarterly

3 months JIBOR+2.36%

Trade receivables (Note 6) and property and equipment (Note 10)

PT Bank DBS Indonesia

December 23, 2016

Nutech

Monthly (2017-2021)

Monthly

13.00

Trade receivables (Note 6) and property and equipment (Note 10)

March 30, 2017f

Dayamitra

100

—

Semi-annually (2018-2022)

Quarterly

3 months JIBOR+1.50%

None

March 30, 2017f

Patrakom

130

—

Semi-annually (2018-2022)

Quarterly

7.50

None

JBIC

March 28, 2013b

The Company

US$

0.03

0.006

Semi-annually (2014-2019)

Semi-annually

2.18% and 6 months LIBOR+1.20%

None

Exim Bank of Malaysia Berhad

March 23, 2016

TSGN

MYR

0.06

0.01

Monthly (2016-2020)

Monthly

ECOF+1.89%

Trade receivables (Note 6)

As stated in the agreements, the Group is required to comply with all covenants or restrictions such as dividend distribution, obtaining new loans, and maintaining financial ratios. As of December 31, 2017, the Group has complied with all covenants or restrictions, except for certain loans. As of December 31, 2017, the Group obtained waiver from lenders to not demand the loan payment as consequence of the breach of covenants.

The credit facilities were obtained by the Group for working capital purposes.

* In original currency

a Telkomsel has no collateral for its bank loans, or other credit facilities. The terms of the various agreements with Telkomsel’s lenders and financiers require compliance with a number of covenants and negative covenants as well as financial and other covenants, which include, among other things, certain restrictions on the amount of dividends and other profit distributions which could adversely affect Telkomsel’s capacity to comply with its obligation under the facility. The terms of the relevant agreements also contain default and cross default clauses. As of December 31, 2017, Telkomsel has complied with the above covenants.

b In connection with the agreement with NEC Corporation Consortium and TE SubCom, the Company entered into a loan agreement with JBIC, for the procurement of goods and services from NEC Corporation Consortium and TE SubCom for the Southeast Asia Japan Cable System project. The facilities consist of facilities A and B amounting to US$18.8 million and US$12.5 million, respectively.

c Based on the latest amendment on May 30, 2017.

d On March 13, 2015, the Company, GSD, Metra, and Infomedia entered into several credit facilities agreements with Sumitomo, The Bank of Tokyo - Mitsubishi UFJ, Ltd., ANZ, and syndication of banks (BCA and BNI) amounting to Rp750 billion, Rp750 billion, Rp500 billion, and Rp3,000 billion, respectively. Based on amendment on August 2, 2016, Dayamitra and Telkom Akses are included as borrowers into Sumitomo and the Bank of Tokyo - Mitsubishi UFJ, Ltd., credit facilities agreement and excluded GSD from those agreement. Based on the latest amendment on March 13, 2017, PINS is included as one of borrower into ANZ’s credit facility agreement. In 2017, PINS drawn down the facility amounted to Rp200 billion. As of December 31, 2017, the unused facilities for Sumitomo, The Bank of Tokyo - Mitsubishi UFJ, Ltd., and ANZ amounted to Rp82.5 billion, Rp82.5 billion and Rp60 billion, respectively.

e On March 24, 2017, the Company, Dayamitra, Sigma, GSD, and TII entered several credit agreements with BRI, BNI, and Bank Mandiri amounting to Rp1,000 billion, Rp1,500 billion and Rp1,500 billion, respectively. As of December 31, 2017, the unused facilities for BNI and Bank Mandiri amounted to Rp200 billion and Rp810 billion, respectively.

f On March 30, 2017, The Company, GSD, Metra, Dayamitra, PINS, and Patrakom entered into several credit agreements with The Bank of Tokyo - Mitsubishi UFJ Ltd., Sumitomo, PT Bank DBS Indonesia, Bank CIMB Niaga, and BCA amounting to Rp800 billion, Rp800 billion, Rp900 billion, Rp495 billion and Rp850 billion, respectively. As of December 31, 2017, the unused facilities for The Bank of Tokyo - Mitsubishi UFJ Ltd., Sumitomo, PT Bank DBS Indonesia, Bank CIMB Niaga, and BCA amounted to Rp529 billion, Rp529 billion, Rp759 billion, Rp195 billion and Rp750 billion, respectively.

g Based on the latest amendment on September 26, 2017.

h Based on the latest amendment on December 21, 2017.

i Based on the latest amendment on October 20, 2016.

j Based on the latest amendment on April 10, 2017

k Based on the latest amendment on May 9, 2017.

l Based on the latest amendment on April 7, 2017.

Other borrowings

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Current

Total

period

Principal

Interest

facility

payment

Interest rate

Borrower

Currency

(in billions)

schedule

period

per annum

Security

PT Sarana Multi Infrastruktur

October 12, 2016

Dayamitra

700

—

Semi-annually
(2018-2024)

Quarterly

3 months JIBOR+2.20%

Property and equipment (Note 10)

March 29, 2017

Dayamitra

600

—

Semi-annually
(2018-2024)

Quarterly

3 months JIBOR+2.20%

Property and equipment (Note 10)